Funds are waking up to MMFs

By Caroline Stopp December 2004 (Magazine)

In 1997 the US money market fund (MMF) sector had assets under management of $1trn (e770bn), compared with $7bn in Europe. By 2004 the US sector exceeded $2trn, while European funds were valued at $205bn. “I think there is scope for the European industry to go to $2trn as well”, ...

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